In order to understand lease swapping, it’s a good idea to understand what leasing a car is in the first place. But depending on your circumstances, financial situation, and the value you place on having a current car, lease-swapping could be a great option for you, as long as you know the pros and cons. Moreover, taking over someone else’s lease-frequently called lease swapping-is different from both. Leasing a car is rather different from buying a car, though in both cases you’d make monthly payments. (The average car lease is only about three years long.) Leasing a car can be a great and (comparatively) inexpensive way to get a new (or new-ish) car, at least for as long as the lease is in force.
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